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Feb 25, 2013
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talking to people in the pentagon, a lot of them would agree with that. the problem is they are halfway through the year. they have not been preparing for this at all. they will have to squeeze all of these cuts into a six-month period. the next six months, it is implemented, it will have an impact. in 2014, it will probably be more manageable. they will be able to choose where they want to make the cuts. host: our guest is marcus weisgerber of "defense news." the first call is from mark from michigan, a democrat. good morning. caller: hello? i was wondering. the money appropriated for hurricane sandy was over $50 billion. the money to be taken away from this is about the same. they are saying the sequestration is so terrible about job loss. how come it has not affected job gains on the east coast in the same amount in the short time they have to spend that money? guest: i read something this morning saying the sandy money is possibly subject to sequestration. there will be significant job loss with a lot of agencies. they say they're could be up to 2 mil
talking to people in the pentagon, a lot of them would agree with that. the problem is they are halfway through the year. they have not been preparing for this at all. they will have to squeeze all of these cuts into a six-month period. the next six months, it is implemented, it will have an impact. in 2014, it will probably be more manageable. they will be able to choose where they want to make the cuts. host: our guest is marcus weisgerber of "defense news." the first call is from...
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Feb 25, 2013
02/13
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who don't wear uniform or civilians work for the pentagon. the pentagon is a big bureaucracy. the point i would make, martha. private businesses did this during the recession. they sucked in their stomach, they tightened their belt. they got rid of waste in their budget and why can't government do that? martha: you've been saying it. rick perry tried to do the list you did. things didn't work out very well for him. you did it masterfully. you're not seeing that list from republicans, are you? >> well, i know, --. martha: elected republicans in washington? >> you know what, martha? paul ryan has a budget that passed congress the last two years and that has some pretty specific cuts. you and i might not agree with everything on the list --. martha: but i'm saying average person on the street what would they cut, they would not be able to do that. we have to go. >> everybody loves santa claus. that is why we have a problem and the debt, right? martha: thank you, steve. >> see you, martha. martha: we'll see you soon. bill: ho, ho, ho. 21 past the
who don't wear uniform or civilians work for the pentagon. the pentagon is a big bureaucracy. the point i would make, martha. private businesses did this during the recession. they sucked in their stomach, they tightened their belt. they got rid of waste in their budget and why can't government do that? martha: you've been saying it. rick perry tried to do the list you did. things didn't work out very well for him. you did it masterfully. you're not seeing that list from republicans, are you?...
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Feb 25, 2013
02/13
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we should cut the pentagon. but these across the board cuts aren't the way to go t i would love to hear your take. two things, denial. there is not going to be so bad. no. i don't mean on. we can cut 13% 90% in the pecht gone surely. we can tightin our builts. they isn't going to be so bad or they just say no. all obama is doing is lying. he is just exaggerating to get his way. don't believe it. it's just peter and the wolfe. here is what's wrong with that. it's wrong because, number 1, they are wrong on their facts. these cuts are real. they are going to hurt. no. 2, it's just bad public policy. across the board cuts, as several people pointed out, erskin bowls alan simpson pointed out, it's not something any business would do. if you are having some problems your sales are not as good as they have been this month or something or the last six months in a business wants to look at what we can do to reduce costs, you don't cut everybody like 20% across the board. you don't cut your best salespeople 20%. you look
we should cut the pentagon. but these across the board cuts aren't the way to go t i would love to hear your take. two things, denial. there is not going to be so bad. no. i don't mean on. we can cut 13% 90% in the pecht gone surely. we can tightin our builts. they isn't going to be so bad or they just say no. all obama is doing is lying. he is just exaggerating to get his way. don't believe it. it's just peter and the wolfe. here is what's wrong with that. it's wrong because, number 1, they...
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Feb 25, 2013
02/13
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which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its most basic function and pass a budget? they work in a government and not a circus. how about pride in that? >> that would be good. you saw the article bob woodward had in "the washington post" this weekend. saying the president is in effect moving the goal post on the $85 billion. so when the president asks that a substitute for the sequester include not just spending cuts but also new revenue, that means taxes, he is moving the goal posts. his call for a balanced approach is reasonable, and he makes a strong case that those in the top income brackets could and should pay more. but that
which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its...
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Feb 25, 2013
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the pentagon could be restructuring contracts. what do you want to say about those areas? guest: training is of cuts where only units preparing to deploy or other places -- these are the ones that will be training. everyone else, primarily in the air force and the navy, their planes will be grounded because it will not have the money they would use to do the training. it will be shifted into the war accounts to pay for afghanistan. stuff like tricare, i believe you mentioned, that is more like the benefits for care and being seen by doctors and whatnot. >> there are lots of voices in washington. what should we know about the defensive area? guest: there are two sides. there is the side that says we need to cut federal spending and the defense needs to take a roll. a lot of them would agree with that. the problem is, we're halfway done with the year and they have not been preparing for this. they will up to squeeze this into a six-month period. if it is fully implemented, it will have an impact. 2014, if it continues, and they get hit with another $50 billion cut, it will p
the pentagon could be restructuring contracts. what do you want to say about those areas? guest: training is of cuts where only units preparing to deploy or other places -- these are the ones that will be training. everyone else, primarily in the air force and the navy, their planes will be grounded because it will not have the money they would use to do the training. it will be shifted into the war accounts to pay for afghanistan. stuff like tricare, i believe you mentioned, that is more like...
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Feb 25, 2013
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. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona at the world mobile congress. do you have to use your spanish down there or you're okay, kelly? >> si, senior. i've been using a lot of spanish here, ross. right now, i'm joined by ed mcglaughlin from mastercard. ed, i haven't been speaking spanish with you necessarily. >> no. >> but we have been talking about the language of payments. and it does seem as though we're moving from, as you've said, a cash list to a credit card list society. what exactly is mastercard doing here? >> well, what we're announcing today is what we call master pass. everything starts becoming digital, it's device based, master pass is basi
. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona...
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Feb 25, 2013
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just in time for spring, national parks like yosemite will see their services cut, the pentagon planning to force more than 700,000 defense department workers to take one day off a week, a 20% pay cut. near quantico marine base in northern virginia, the anticipation is already breeding anxiety. >> people are hunkered down, really afraid to spend any kind of money. >> reporter: there is bipartisan agreement for one thing, both sides seem to agree that these cuts will go into affect at the end of this week. there's also at least some good news. most of the layoffs and furloughs won't actually take place until a month from now. >> maybe they will sort it out at some point. peter alexander at the white house, thank you very much. >>> let's get a check of the top stories of the morning. natalie is here with those. >> good morning to you. >> good morning. welcome back. >> thank you. >> good morning, savannah. in the news this morning, john kerry is in london this morning as he kicks off his first official overseas trip as secretary of state. nbc's foreign chief correspondent andrea mitchell is
just in time for spring, national parks like yosemite will see their services cut, the pentagon planning to force more than 700,000 defense department workers to take one day off a week, a 20% pay cut. near quantico marine base in northern virginia, the anticipation is already breeding anxiety. >> people are hunkered down, really afraid to spend any kind of money. >> reporter: there is bipartisan agreement for one thing, both sides seem to agree that these cuts will go into affect...